Farmer Bros. (NASDAQ:FARM) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Farmer Bros. Trading Up 11.7 %

Shares of Farmer Bros. stock opened at $2.20 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $2.08. The stock has a market cap of $46.98 million, a price-to-earnings ratio of -4.58 and a beta of 1.78. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.86.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.18%. On average, equities analysts forecast that Farmer Bros. will post -0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Farmer Bros. in the fourth quarter valued at approximately $29,000. PFG Investments LLC purchased a new position in Farmer Bros. during the 3rd quarter worth $33,000. XTX Topco Ltd purchased a new position in Farmer Bros. during the 4th quarter worth $36,000. Global Wealth Management Investment Advisory Inc. increased its stake in Farmer Bros. by 58.3% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after purchasing an additional 7,000 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Farmer Bros. in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.